“We have a complete
stop at the Cape of Good Hope for container ships – east and west. There is no significant change in Red Sea traffic so far, but several
container ships have made turnarounds and/or are waiting off the coast of
Durban,” said Fabrice Maille, global head of Shipping & Agriculture at
LSEG.
Since 8 July, daily
transit data and vessel location data from the LSEG Workspace Interactive Map
have shown no container vessels passing the Cape of Good Hope, adding to the congestion and delays already worsened by the Red Sea
crisis. The Interactive Map indicates
marine weather with waves over 10 meters high.
Isaac Hankes, senior weather analyst at LSEG, observed
that the waves off the South African coast coincided with a strong cyclone that
impacted the region on the previous Sunday, bringing temperatures well below
normal.
He commented, “This was a powerful cyclone (with winds
that generated the waves), but we are not seeing anything extraordinary in the
data. Something comparable happened in early June, for example. These events
are like a cold air outbreak in the South Africa winter, in the Northern
Hemisphere context.”
Hankes added,
“There is another cyclone likely to impact South Africa later this week, so the
issue with the waves may continue yet with respect to shipping issues. However,
the AAO will soon move into its positive phase, which could signal the end of
strong cyclones after the one later this week.”
This situation aligns with LSEG Commodities’ recent
forecast, which predicts a potentially record-breaking Atlantic hurricane
season this year, following the pattern expected after the exceptionally strong
storm Beryl for this time of year.